Which of the following should be considered when a company decides to declare a cash dividend on common stock?
a. The retained earnings balance only
b. The amount of authorized shares of common stock
c. The book value of the company's stock
d. The cash available and the retained earnings balance
d
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In preparing a work sheet, the amounts for the Trial Balance columns are copied from the
a. general journal; b. sales and purchases journals; c. general ledger; d. latest income statement and balance sheet; e. current chart of accounts
There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can't afford sufficient employees to guarantee effective segregation of duties.. Which of the following is NOT one among them?
a. Pay everything by check so that there is a record. b. Always open the bank statement and reconcile it themselves. c. Allow one key employee to operate the bank account personally. d. Sign every check themselves and not delegate the signing to anyone else.
An exclusive license is a license that restricts who may compete with the licensee
Indicate whether the statement is true or false
Which of the following persons is NOT an agent?
a. Diane, a shoe salesperson for a retail store. b. Tim, a real estate broker for a large real estate company. c. Craig, a telephone marketing employee. d. Harold, a trustee to the beneficiaries of an estate.